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Investor Presentaiton

THIRD QUARTER 2023 EARNINGS RELEASE World-Class In-House EV Powertrain Ultra-efficient, proprietary powertrain technology and advanced software and battery management system (BMS) Scalable and Modular Battery Pack Built on Race Experience Advanced next-generation end-cooling technology Advanced low-resistance architecture reduces heat loss and increases range Motor & Integrated Transmission State-of-the-art in-house synchronous PM motor Next-generation, integrated in-house transmission Ultra compact and efficient with industry leading power-to- weight and volume ratios • LUCID LUCID QUICK CONTROLS DOORS SEATS MASSAGE LIGHTING Charging Time Remaining: 15 min 59% 80 mi/hr +21 mi 20 KW ENERGY Charging to high battery level too ofen could cause battery degradation SET CHARGE LIMIT State-of-the-Art, High Voltage Inverter Bidirectional Charging with "Wunderbox" In-House Software State-of-the-art, in-house • 900V+ system technology up to 900V • 300kW+ DC fast charge capable • Advanced thermal and silicon • Up to 300 miles in 22 minutes (1) carbide MOSFET systems reduce • energy loss to improve range Connected-car designed to enable regular OTA encrypted updates Race-derived battery management software (BMS) improves battery performance Complete system functions synergistically to enable Lucid's efficiency of 4.74 miles range per kWh (2) Note: (1) When connected to 350 kW DC fast charger and equipped with 900V+ charging system. Actual rates will vary based upon vehicle equipment and charging conditions. 900V+ charging system available with Dream Edition and Grand Touring. (2) Miles per kWh are for Lucid Air Pure Rear Wheel Drive and are based on EPA estimated range when equipped with 19" wheels. LUCID GROUP, INC. 31
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